Glancy Prongay & Murray LLP Announces Securities Fraud Class Action Lawsuit Against Coinbase Global, Inc. (NASDAQ: COIN)

Class Period: April 14, 2021 – July 25, 2024Lead Plaintiff Deadline: November 12, 2024

Los Angeles, CA (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP (“GPM”), a leading national law firm in the field of class action securities litigation, announces that investors who suffered substantial losses on their Coinbase Global, Inc. (NASDAQ: COIN) (“Coinbase”) investments have an opportunity to lead the securities fraud class action lawsuit against the Company. A class action complaint was filed on behalf of investors who purchased or otherwise acquired Coinbase Class A common stock during the Class Period, April 14, 2021 through July 25, 2024, inclusive.

Investors suffering substantial losses on their Coinbase investments are encouraged to contact Glancy Prongay & Murray LLP by visiting and submitting their contact information at:

https://www.glancylaw.com/cases/Coinbase-Global-Inc-1/

Investors who purchased or otherwise acquired Coinbase Class A common stock during the Class Period, April 14, 2021 through July 25, 2024, inclusive, are encouraged to submit their contact information to the Glancy Prongay & Murray LLP at the link above. Investors who encountered problems with CBPL’s platform or who otherwise have information that may assist in the investigation are also encouraged to contact the firm.

The filed complaint alleges, among other things, that throughout the Class Period, Coinbase touted its efforts to prevent criminals from using its platform and boasted of having an agreement with the Financial Conduct Authority (“FCA”) that put requirements in place to further prevent high risk customers from using Coinbase's platform. However, the complaint alleges that Coinbase breached the agreement with the FCA, which resulted in 13,416 high risk individuals continuing to receive services from Coinbase. The complaint further alleges that the foregoing resulted in an undisclosed heightened regulatory risk, which ultimately caused Coinbase's investors to suffer substantial losses when the truth was disclosed on July 25, 2024.

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If you wish to serve as lead plaintiff of the Coinbase securities fraud class action lawsuit, you can submit your contact information at www.glancylaw.com/cases/Coinbase-Global-Inc-1/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.

About GPM

Glancy Prongay & Murray LLP is a premier law firm specializing in the representation of investors and consumers in securities litigation and other complex class actions. Glancy Prongay & Murray LLP is notably one of the few firms in the country with experience in securities class actions on both the plaintiff and defendant sides of the bar. Our firm has a long history of putting together class action lawsuits against some of the world's largest companies and institutions for securities fraud and other violations of federal and state law. Glancy Prongay & Murray LLP has recovered billions of dollars for investors and consumers throughout the country and was lead counsel in several groundbreaking案件. Glancy Prongay & Murray LLP has also handled federal antitrust class actions involving the tobacco, energy, telecommunications, and food industries, among others.

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